Tech Startup Raises $1.7m For Expansion
Bfree, a credit management fintech, has raised $1.7m in a pre-Series A round to embark on expansion in emerging markets.…
Category: Africa
Standard Chartered To Shut Half Of Nigeria Branches
Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar…
Gmail Hits 10 Billion Installs On Android, Becomes Fourth To Surpass Milestone
Total number of Gmail app installations has surpassed 10 billion on android, emerging the fourth app on Google play store…
Investor group backs mPharma’s Series D with $35mln
MPharma health tech startup is building a network of community pharmacies across Africa, with plans to be the primary healthcare…
Google chooses SafeBoda for Africa fund’s first deal
Google’s first investment from its Africa Investment Fund has gone to SafeBoda, a transport startup with operations in Uganda &…
Airtel Africa’s Shares Hit All-Time High On NGX After Asset Sale In Tanzania
The shares of Airtel Africa hit an all-time high price of N1,050.50 on Wednesday, gaining a maximum of 10 percent.…
Alitheia IDF Hits Target With Gender-Lens Fund’s Final Close
The management of Alitheia IDF (AIF), Africa’s women-led and women-focused private equity fund. It announced the final close of the…
Online Learning Platform Raises $3.5m Pre-Seed Funding
Edukoya, an online learning platform, says it has raised $3.5m in pre-seed round to enable its live launch in 2022.…
Togo, Benin, Niger Paid Nothing For Nigeria’s Power Supply, Says NERC
The Nigerian Electricity Regulatory Commission has said the Republic of Benin, Niger Republic and Togo made no payment for the…
Jack Dorsey Appoints Three Nigerians And A South African To Head Bitcoin Trust Fund Board
Twitter founder, Jack Dorsey, has appointed three Nigerians and one South African to act as the board of his Bitcoin…
Tega Industries Jumps 66% On Debut After Bumper IPO
Kolkata-based Tega Industries Ltd, which offers products and services to the mining industry, made a stellar debut on the stock…
Nigeria Regains Position As Crude Oul Output Increase
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging…
Steelpack Deal Makes Two For Vuna Partners’ Maiden Fund
Vuna Partners, a sector-agnostic mid-market private equity firm which recently hit another milestone for its maiden fund, has sealed its second…
B Investments Makes First Deal For New Healthcare Platform
B Investments Holding announced the establishment of B Investments in Healthcare, with a licensed capital of LE 1 billion, to…
RMB Teams Up With ZX Ventures To Back Non-Alcoholic Drinks Firm
South African financial services firm Rand Merchant Bank (RMB) has picked up an equity stake in The Duchess, joining ZX…
Meta And Africa No Filter Partners To Promote Use Of Virtual Reality In Storytelling
Meta and Africa No Filter, a narrative change organisation, have announced a partnership to launch a new fund in Nigeria…
European Investors Back Kenyan Fintech “ Asilimia” with Equity And Debt
Kenyan fintech Asilimia raised $2 million in pre-seed funding ($1 million equity and $1 million debt), the funding came from various…
South Africa Mobiz Raise $4 Million In Pre-Series A Round
South Africa Mobile marketing startup Mobiz has raised a total of $4 million for its pre-Series A round from a…
Algeria’s Yassir Lands A Healthy Series A From Multiple Investors
Yassir, an Algerian startup founded in 2017 provides on-demand services such as ride-hailing and last-mile delivery, has raised a $30…
Old Mutual Private Equity Signals Proposal To Buy Long4Life
Shares in Long4Life, the company owned by entrepreneur Bidvest founder Brian Joffe, soared in trade on Friday (3 December), on…
Nigeria Makes List Of Countries Implementing International Public Sector Accounting Standards
A Director in the office of the Accountant General of the Federation, Alhaji Salau Zubairu, has said Nigeria and Tanzania…
Dolidol Acquires Mouka Foam For $60 Million
Dolidol an international firm has acquired Mouka Foam in a $60 million (N24.9 billion) deal to create pan-African bedding and…
South Africa President Urge Nigeria Banks To Set Up Branch In South Africa
President of South Africa, Cyril Ramaphosa has urged Nigerian banks to set up branches in South Africa as the country…
Nigeria, Others Seal $42.1 Billion Trade Deals At IATF
Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair…
Adenia And Proparco Acquire Moroccan Catering Service Provider
Adenia Partners, one of the oldest Africa-focused private equity firms that has hit the road to raise its next fund,…
Fintech Crossfin Sold In R1.5-Billion Deal
Crossfin Technology Holdings, a South African fintech investment firm, has been acquired by a consortium of investors, including Patrice Motsepe’s…
African Capital Alliance Provides Equity Portion Of WIOCC’s Capital Raise
WIOCC Holding Company Ltd has raised $200 million in debt and equity capital to expand digital connectivity within Africa and…
Report: Nigeria’s Exports Trade To Hit $112bn By 2030 — Tops Volume For Africa
A new research by Standard Chartered Bank has projected that Nigeria’s export trade would hit $112 billion in 2030, topping…